IBM and Walmart to Drive Block Chain Network for Prescription Drug Traceability

IBM, KPMG, Merck and Walmart partner to create a Proof-of-Concept Block Chain Network in partnership with the Food and Drug Administration (FDA). The pilot program, related to the Drug Supply Chain Security Act (DSCSA), is to badist the FDA and other organizations in the drug supply chain. Supply to set up a network of block chains to identify and trace the distribution of prescription drugs. drug addicts.

By using this proposed blockchain network, companies hope to address the multiple shortcomings of the current drug supply chain process, including the time required to track and track inventory, the accuracy of shared data. between members of the supply network and to the integrity of the products. the distribution chain.

"Blockchain could be an important new approach to further enhance confidence in the biopharmaceutical supply chain," said Mark Treshock, IBM world leader in Blockchain solutions in the health and life sciences fields. "We believe that it is an ideal use for technology because it can not only provide an audit trail that tracks drugs in the chain of custody." It also helps to know who has shared data and with whom, without revealing the data themselves Blockchain has the potential to transform the way pharmaceutical data is controlled, managed, shared and used throughout life of a drug. "

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Walmart has been working with IBM since 2016 to apply new levels of traceability based on blockchain technology throughout the food supply chain. The retail giant is implementing the IBM blockchain as part of the new food safety requirements for its suppliers. Meanwhile, Maersk and IBM began collaborating in June 2016 and formed a joint venture last year focused on the use of blockchain technology to create a global trading platform.

IBM applies blockchain technology to various supply chain scenarios, including transportation, food, banking and hard drives.

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